#11 Defuse Your Ticking Tax Time Bomb with Mark Willis

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Mark is founder of Lake Growth Financial Services based in Chicago, best-selling author of 3 books, and co-host of the Not Your Average Financial Podcast.

In this episode Mark and I discuss why you should reconsider investing in tax-deferred retirement accounts like an IRA or 401k, how to leverage dividend paying whole life insurance policies to replace your bank, and how to scale your cash to become debt free.

Episode Highlights:

• Dividend paying whole life insurance policies are one of a few tools that you can leverage to live in a 0% tax bracket when you retire. The other two mentioned are HECOM Loan reverse mortgages and Roth IRAs.
• These policies grow uninterrupted by contractual obligations based on a clear schedule, independent of the stock market fluctuations.
• Some companies allow you to borrow up to 85% to 90% of cash value versus a loan against your 401k, which is capped at 50% of the account value.

Helpful Links:

What are Dividend Paying Whole Life Insurance Policies?

Not Your Average Financial Podcast

Books:

Secret to Lifetime Financial Security

How to be an Amazon Legend and Fire Your Banker

Real Estate Investing for Women

Best Way to Contact Mark:
notyouraveragefinancialpodcast.com
https://growmorewealth.com

Best way to contact your host, Mason Klement:

mason@masonklement.com

https://www.masonklement.com/

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